I bought bitcoin when its price break out from the sideaway market. Yeah, we have sen bitcoin price movement traded in the sideaway market in a few days. But, I've sold it a few hours ago, especially when its price closely touched $41000 area. I just worried that its price movement will forming a double top pattern because now its price just fall as well.
If the decreasing price countinue, I see on the 4 hours time frame it will fall to reach $28.000 for the second time as a strong support. But if the price is break down again then we will see another strong support that will be reached and $20.000 is the strong support. So, at this situation I'll see the movement price first before I made an entry, with two option if its price increase again and passed $42.000 then I'll again at that area and otherwise if its price continue to fall then I'll put my entry price in $28.000.
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I guess there is no one who will know how long this bull run will take a place, although he is an expert to trade. We just rely one the situation and until now there are a few reason which stated that the bull run for crypto currency market is not over.
Although we have seen so far that the bitcoin price as an example touched more than $40.000 for the second time but seem like it was failed. This thing will give a small correction but it is not for a long term. We still in a good path because the stimulus factor can make a good effect for our investment place.
As for a good coin to invest is it depends your analyst. There are some crypto currency media like cointelegraph or investing.com which will give you a suggestion to buy an altcoin. They provide a fundmental factor from some altcoins which will have a good price movement, I especially choose ADA (cardano) that will have a good price movement. Given on this day this coin has been increased for more than 20% while some altcoin meet a correction.
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The price just hit $40K today just after Elon Musk tweeted #Bitcoin. I think it will take some time before it will hit over $50K, with a lot of investors waiting for the chance to reinvest, we might be able to experience some small price dumps. If you see the price lower than $32K or $33K, I think it would be profitable if you invested at it.
Seem like it will be formed as a double top pattern for bitcoin price movement since as we have been now its price was failed to reach its previous all time high. I predicted that the price of bitcoin will meet a correction first before increase to pass its previous all time high. Because previously bitcoin has been traded in the sideaway market, usually if the sideway market comes and its price able to breakout the box line then its price will move drastically, but it is not happen now. Indeed, Elon Musk tweet has given a good sentiment for bitcoin and even all crypto price movement. More than that, the stimulus issue has been pushed to make many people get interest to bitcoin. Especially Elon Musk tweet will attract a lot of new investor to invest in crypto currency. So, don't be panic if the correction comes, we are still in a good path.
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I'm using binance exchange, there is a binance smart chain network, I always use this network comparing to ETH network because it is already expensive for withdraw fee but with binance smart chain I have to spend 0.04 for fee per transaction.
The fee is very cheap and I can withdraw at any time. Especially for a trader, at least he will withdraw 2 times per week and binance smart chains are very helpful in overcoming the problem of already expensive fees.
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On the weekly time frame litecoin price has met a correction, at least there are three correction candles but now it will be different with the current candle that will be formed. The candle that will be formed at this week will be bullish engulfing candle which mean the correction is over and the bullish trade will continue.
Let say, if the price movement forming an ABCD pattern then the next price that will be reached is $240. I use weekly candle and it will be long term prediction. Also, that is based on technical analyst only, if the situation can continue, I mean the market sentiment is not change. It will be different if something bad happen, especially in the fundamental factor.
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Those companies who held thousands of bitcoin are helpful to the bitcoin to increase the price or to maintain the price but if those companies sell their bitcoin that they hold it will cause for the bitcoin to dump. But it is really cause to the bitcoin to manipulate the value because they have a lot of bitcoins or money so they can dump bitcoin or pump when ever they want.
Indeed, it was a rough scenario they made up. However, I doubt they will do these things as long as they still consider that bitcoin is safe and promising to be choosen as a store value. And I guess it has happened now, bitcoin price has been increasing a lot since Maret 2019 ago and even has been defeating many investment place in this world. It means, you will still hold bitcoin they had, they will sell bitcoin to take a profit and buy again when they thing bitcoin will up again. They will not sell bitcoin without a reason and try to tease the market movement, I guess they can't do that given bitcoin price is high already also they will be many buy order that hasn't been reached, as we can see everytime bitcoin fall there will be a huge increase.
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I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄
Depend on your capital and levarage that you use. If you have a huge capital and use low leverage then there is a chance for you to hold your position for long term. I'm sure there will be many investor who will do this. But for myself I just choose short term trading, everytime I trade I'll choose directly the profit target. As an example I always use low capital like $100 then I'll only have a target $10 for every time I enter to the market. At least I'll make two until three entry in one day using 4 time frame as a banchmark to see the market sentiment. Trading future is like trading spot, you can hold it for long term and short investment depend on your strategy and situation.
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I guess that is not shooting stars candle, we have been seeing now bitcoin price is trying to increase again and close the previous wick candle. Usually, if the movement price like this happen the price will increase more than the previous candle, I guess that will happen.
Also, the fundamental factor is still good, the stimulus issue and Elon Musk who still give a surprise for crypto currency space will push bitcoin even some altcoin reach to the newest high price like ETH.
We have to compare when we predict bitcoin price movement, I mean we have to compare technical analyst strategy and fundamental strategy. If the signal give the same path then we have to take the strategy as our reason but if there is a differentiate between them we have to wait where the price will go whilst we wait another information.
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You are right, future trading is not a place for newbies. It is not enough when you know the basic technical analyst strategy, you have to be an expert when you start to trading in the future market. I still remember when I started to trading future market, I spend $700 as the main capital. And do you know what I get from my trade in one month? I lost all of them and yeah I really regretted it.
Trading in the future market never make you comfortable when you don't know the ins and out of the characteristic the market itself. Especially the leverage utilization, if you don't know how much leverage that you have to choose then just wait for the second you will lose your money, believe me. I agree trading spot is the best way to start or someone who just learning how technical analyst work. You will be comfortabel although you have seen your investment is decreasing.
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Don't be hurry, make a decision based on your rational brain, it means we have to make a decision based on our analyst, that the vital for bitcoin investment. Don't let your body/ brain triked and tempted by other people suggestion or other people strategy. At the start indeed it will give you money but then you will your money everytime you spend.
You right mate there is no word to late, there are so many opportunities don't just regretted because you late a bull run, there will be many a bull run ahead. Learn first about investment proccess, learn more about some strategies which will help you stand a long in this field and also you have to know your psychology why do you have to be here.
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Are you sure you predict the weekly price of bitcoin using 1 hour time frame? I don't think it will be suitable. The low time frame can be manipulated easily but higher time frame like 1D or weekly time frame cannot be manipulated. At least you have to use 4 hours or 1 day time frame to predict the weekly price of bitcoin. Have you seen the weekly price movement ( candle)? I suggest to look it first and to me there is a reason to repute your analyst.
The weekly candle is still green and indeed there is an indicator that will be formed to be double top pattern. But, it will be a different scenario if bitcoin price able to passed $40.000 barrier, we will se a huge pump for bitcoin. I believe the $40.000 barrier can be passed since there are so many good news in the crypto market, also the stimulus issue from US government still widely open to be taken out so the sentiment marker will not change and that one indicator bitcoin price increase more than $40.000.
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But I do think that Doge is a good place to choose for an investment place especially for me. Take a look at Doge price movement, there are so many candle which was formed in long shadow candle, which is mean many people will think that this is not good for investment place especially for long term investment.
They will only choose doge coin as a short term investment especially when there is a factor like Elon Musk's tweet come but after that the price will fall a lot. I don't know much about doge coin feature even I'll bet the investor who invest their money will not know some features about doge coin especially the feature that can be used by most people.
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I just think that ETH investor is bitcoin investor, the scenario will be like this, the investor will push bitcoin to high price ans after that they have got a lot of profit they will sell a half to take the profit and after that they will push ETH, this is why the bull run from bitcoin and ETH never happen simultaneously.
Many investor will have a thinking that altcoin season will start when bitcoin price trying to decrease after increasing price drastically or in sideway market. Like has been happening now, bitcoin price movement is in the sideaway market and ETH is trying to reach new all time high. This is will happen as long as there is no bad fundamental factor comes.
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Starting out with cash..? Does journaling truly help ?
Starting to learn all of the trading strategy is a good way when someone has intention to start trading crypto. No metter how much capital that you spend it doesn't matter. Even, you can use $10 to start and got around $5 per days if you already know the chacteristic bitcoin price movement. As for strategy that I use when I was start (actualy I still using this strategy until now) I learn the technical analyst first, there are so many book about technical analyst. And second, I only use some media social like twitter and other crypto currency as a banchmark to buy and sell my investment.
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Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.
Indeed, the best investment in this world that I have seen so far. I can compete with the other investment placd out there that there is no place which can be able to raise like bitcoin. Most of them just increase several percent per years, but bitcoin need one year to increase more than 100%. Also I just think that the decreasing price that has happened when bitcoin touch the first all time high $20.000 and fall to $3500 never happen again. The increasing price right now is really different, as you can see when bitcoin price fall and touch $28.000-$30.000 then we will see there will be many investor who will put entry buy and make the price bounce again. So, I agree when you say buying bitcoin like planting trees and we can buy right now.
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Not much because it will make me confuse, I only use trading view for technical analyst and some medias like investing.com, cointeleghrap and twitter, just that. I never see any other prediction I mean someone who known as an expert to trade in bitcoin and altcoin. Because I have a bad experience when follow other people stratgey.
So, I just decided to make my own strategy or my trading sistem and until now it is work to me although I need to spend a long time to know where I should entry, taking profit and put the stop loss. By doing that, I'll know what should I do when the market situation move different with my prediction you will imagine what will I do when I met the condition, I'll choose panic selling at that time for sure.
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Hello after 12 years i remember i bought bitcoin in 2010 is it possible to sell more than 50,000 bitcoins at once or is it better to sell direct to a private individual like grayscale or microstrategy?
There is no one who will know and believe that bitcoin can do that even satoshi itself. Because I only the first intention Satoshi made bitcoin was for an alternative to pay something beside money fiat. But, do you see now? How many people or even merchant who accept bitcoin as a payement system? I guess it is a few. Most of bitcoin's user now are only use bitcoin as mean of investment. More than that with the fee issue who made mant people reluctant to use bitcoin as payment system. This is why, there will be many people who will be regret to sell bitcoin at the low price. It would be different if you have known that bitcoin will be like now, I'm sure you will still as much as you can.
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The character of crypto currency price especially the top altcoin when its previous all time high has been passed then we will its price movement can be stoped easily although we will heard a lot of a bad news.
Take a look to bitcoin price movement when $20.000 was raised, yeah we have seen a huge increase from that area. It will happen in altcoin as well moreover in ETH where there will be many investor who will know it.
They will pump ETH when bitcoin is quite stable (sideaway market) and they will stop pumping when bitcoin will increase again. We will see it as long as the fundamental factor and the market sentiment hasn't changed.
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I guess no, where did you get this data?
I think there will be many people who will move their money into stabil coin when the dump is coming. Also, I haven't seen an altcoin which is increase when bitcoin price fall, I never see it. All of them will increase if bitcoin price increase although just small increase.
Like has happened, point me an altcoin wich was increased when bitcoin price is decreasing? Especially the 20 top altcoin which is solely being pumped. Crypto currency price movement just in bitcoin, yeah that is the key. Bitcoin price fall then almost altcoin will fall as well.
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I started trading when I was bored to work under the pressure of others so I decided to find a source income that can help me stand to meet my daily life and I found tradinv crypto especially bitcoin.
At that time I see trading is very easy to do and I can make a lot of money from it, but it was wrong. Trading is not easy until whenever, you need a lot of money for your capital, your brain to think every strategy and also your time to learn.
Until now, I still trade bitcoin and yeah I have lost a lot of money comparing to I got money. But I understood it, everything will need a proccess and I'll never leave this field, I'll always stand to learn and I'll spend all of my time to learn how to trade well so as I can get money that I want.
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